OneWeb Launches 2021 Innovation Challenge To Identify New Ideas And Collaboration For Innovation In Space Invites industrial and engineering partners, academia and research professionals across sectors to present proposals to innovate a new generation of satellites. The successful entrants will receive the opportunity to work on satellite programme and drive the future of space communications.
LONDON, April 23, 2021 /PRNewswire/ OneWeb, the global communications network powered from space, today announced the launch of its first
Innovation Challenge, an invitation to find innovative technologies, products and solutions, that will advance the world of satellite connectivity and spaced-based communications.
The open innovation challenge offers engineering, science, creative talent, research professionals, and subject matter experts from around the world the opportunity to redefine existing mindsets in satellite design, production, orbit, flight operations and responsible de
OneWeb Launches 2021 Innovation Challenge To Identify New Ideas And Collaboration For Innovation In Space
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OneWeb Launches 2021 Innovation Challenge To Identify New Ideas And Collaboration For Innovation In Space
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Synopsis
“The capital raised to date positions the company to be fully funded for its first-generation satellite fleet, totaling 648 satellites, by the end of 2022,” a statement released by OneWeb said on Friday.
Agencies
Prior to the latest funding round, the UK government and Bharti Global held 42.2% stake each in OneWeb with other partners holding the balance 15.6%.
SoftBank Group and Hughes Network Systems LLC will together pump an additional $260 million into OneWeb, the low Earth Orbit Satellite Communications company jointly owned by the UK Government and Bharti Global. With this additional funding, the total received by OneWeb will reach $1.4 billion.
“The capital raised to date positions the company to be fully funded for its first-generation satellite fleet, totaling 648 satellites, by the end of 2022,” a statement released by OneWeb said on Friday.